Dear Friends
We purchased a house with the help of LICHFL paying the EMIs till July 2011 Since Aug 2011 due 2 some reasons we could not pay the EMIs LICHFL was issued Demand Notice with a week time to repay the Dues then issued notice sarfaesi act . We personally requested them to give some time to clear the dues as our son is also becoming earning hand. They not giving the time and asking us to clear full loan amount or they take physical posession of the property. Is there any way to get some time to repay the dues & get the loan continued. Please guide me Attached here is the notice issued by LICHFL which is pasted on our house wall when we went for our offices, without any Notice to us they got the Order it seems. They also saying to us the house will go inAuction.
Difference to be recovered from her Salary.